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Our client—the Canadian arm of a non-profit—had a former employee divert more than $1M CAD to several different personal bank accounts.
Our client—a Canadian-based videogame distributor with operations throughout the Americas—noted discrepancies with their inventory flows. One of our client’s subsidiaries—which was operated by a business partner—gave the head office a range of complex documentation and accounting that made the discrepancies difficult to isolate. The head office was concerned that the complex accounting was used to conceal fraud—which was further complicated by the fact that the business partner was critical to their Latin American operations. The situation called for expertise in forensic accounting and a sensitive, collaborative mindset.
This transaction represents the largest investment in the seafood industry by an Indigenous group in Canada. Membertou First Nation, in partnership with six other Atlantic Canadian Mi’kmaq First Nations, had the opportunity to partner with Premium Brands—a North American specialty food manufacturer and distributor—to acquire 50% of Clearwater, a global wild-caught seafood company.
This IFRS Viewpoint addresses how to account for costs in a cloud computing arrangement under IFRS, and the areas where there was diversity in practice.
Membertou First Nation, in partnership with six other Atlantic Canadian Mi’kmaq First Nations had the opportunity to partner with Premium Brands—a North American specialty food manufacturer and distributor— to acquire 50% of Clearwater, a Halifax-based global wild-caught seafood company.
With the acquisition of Trans Power, OEC will be offering enhanced design-build capabilities to their clients as they expand their position in the infrastructure and energy services industry.
Wilson Timber Mart was established in 1973 in Bancroft, Ontario by Guy Wilson, the grandfather of current shareholders (and siblings), Kim Trolley, Steven Wilson and Scott Wilson. As a family business with significant history, the decision to sell was monumental.
The final chapter in our four-part series outlines the presentation, disclosure and transition requirements.